Kathleen PROOST: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Kathleen PROOST
Largest movements
- Cash +€24,672
up €24,672 (+186%), from €13,231 to €37,903
mainly Net result for the year (+€13,240) and Deferred charges and accrued income (+€9,114)
- Deferred charges and accrued income -€9,114
down €9,114 (-19.2%), from €47,554 to €38,440
- Tangible fixed assets +€6,035
up €6,035 (+267%), from €2,257 to €8,292
of which Other tangible fixed assets: +€7,027
- Receivables within one year -€2,270
no longer reported in 2025 (was €2,270)
- Profit (loss) carried forward +€13,240
up €13,240 (+98.8%), from -€13,397 to -€157
- Other debts +€7,334
up €7,334 (+126%), from €5,815 to €13,148
- Accrued charges and deferred income -€920
down €920 (-55.7%), from €1,652 to €732
- Taxes +€3,214
up €3,214 (+2,174%), from €148 to €3,362
- Gross operating margin +€2,688
up €2,688 (+16.7%), from €16,080 to €18,769
- Depreciation +€970
up €970 (+528%), from €184 to €1,154
- Other operating charges -€432
down €432 (-32.1%), from €1,345 to €913
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,313 | €84,635 | +€19,322 | +29.6% |
| Fixed assets | 21/28 | €2,257 | €8,292 | +€6,035 | +267% |
| Tangible fixed assets | 22/27 | €2,257 | €8,292 | +€6,035 | +267% |
| Plant, machinery and equipment | 23 | €1,238 | €782 | -€456 | -36.9% |
| Furniture and vehicles | 24 | €1,019 | €483 | -€536 | -52.6% |
| Other tangible fixed assets | 26 | - | €7,027 | +€7,027 | |
| Current assets | 29/58 | €63,055 | €76,343 | +€13,287 | +21.1% |
| Amounts receivable within one year | 40/41 | €2,270 | - | -€2,270 | |
| Other amounts receivable | 41 | €2,270 | - | -€2,270 | |
| Cash at bank and in hand | 54/58 | €13,231 | €37,903 | +€24,672 | +186% |
| Deferred charges and accrued income | 490/1 | €47,554 | €38,440 | -€9,114 | -19.2% |
| Total equity and liabilities | 10/49 | €65,313 | €84,635 | +€19,322 | +29.6% |
| Equity | 10/15 | €53,791 | €67,031 | +€13,240 | +24.6% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €60,688 | €60,688 | = | 0.0% |
| Distributable reserves | 133 | €60,688 | €60,688 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,397 | -€157 | +€13,240 | +98.8% |
| Amounts payable | 17/49 | €11,522 | €17,604 | +€6,082 | +52.8% |
| Amounts payable within one year | 42/48 | €9,870 | €16,872 | +€7,002 | +70.9% |
| Trade debts | 44 | €2,055 | €1,461 | -€594 | -28.9% |
| Suppliers | 440/4 | €2,055 | €1,461 | -€594 | -28.9% |
| Taxes, remuneration and social security | 45 | €2,000 | €2,262 | +€262 | +13.1% |
| Taxes | 450/3 | - | €262 | +€262 | |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €5,815 | €13,148 | +€7,334 | +126% |
| Accrued charges and deferred income | 492/3 | €1,652 | €732 | -€920 | -55.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184 | €1,154 | +€970 | +528% |
| Other operating charges | 640/8 | €1,345 | €913 | -€432 | -32.1% |
| Non-recurring operating charges | 66A | €483 | - | -€483 | |
| Gross operating margin | 9900 | €16,080 | €18,769 | +€2,688 | +16.7% |
| Operating profit (loss) | 9901 | €14,069 | €16,702 | +€2,633 | +18.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | +450% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +450% |
| Financial charges | 65/66B | €121 | €100 | -€21 | -17.1% |
| Recurring financial charges | 65 | €121 | €100 | -€21 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €13,948 | €16,602 | +€2,654 | +19.0% |
| Income taxes | 67/77 | €148 | €3,362 | +€3,214 | +2,174% |
| Profit (loss) for the period | 9904 | €13,800 | €13,240 | -€560 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,800 | €13,240 | -€560 | -4.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.